Privia Health Names New Directors, Adjusts CMO Compensation
Ticker: PRVA · Form: 8-K · Filed: Jul 3, 2024 · CIK: 1759655
| Field | Detail |
|---|---|
| Company | Privia Health Group, Inc. (PRVA) |
| Form Type | 8-K |
| Filed Date | Jul 3, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, executive-compensation, board-of-directors
TL;DR
Privia Health adds 2 directors, bumps CMO salary to $500k.
AI Summary
Privia Health Group, Inc. announced on July 1, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Dr. Michael L. Riff and Ms. Jennifer L. Wagner, to its Board, effective July 1, 2024. Additionally, the company entered into a new employment agreement with its Chief Medical Officer, Dr. Jeffrey B. Weinzimer, which includes a base salary of $500,000 and potential performance-based bonuses.
Why It Matters
The appointment of new directors and changes to executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing details routine board changes and executive compensation adjustments, which are common corporate events and do not indicate significant financial distress or operational risk.
Key Numbers
- $500,000 — CMO Base Salary (New employment agreement for Dr. Jeffrey B. Weinzimer)
Key Players & Entities
- Privia Health Group, Inc. (company) — Registrant
- Dr. Michael L. Riff (person) — Newly elected director
- Ms. Jennifer L. Wagner (person) — Newly elected director
- Dr. Jeffrey B. Weinzimer (person) — Chief Medical Officer
- $500,000 (dollar_amount) — Chief Medical Officer's base salary
FAQ
Who were the new directors elected to Privia Health Group's Board?
Dr. Michael L. Riff and Ms. Jennifer L. Wagner were elected as new directors.
When were the new directors' appointments effective?
The appointments of Dr. Michael L. Riff and Ms. Jennifer L. Wagner were effective July 1, 2024.
What is the new base salary for Privia Health's Chief Medical Officer?
The new base salary for Dr. Jeffrey B. Weinzimer, Chief Medical Officer, is $500,000.
What other compensation components are included in the CMO's new agreement?
The new employment agreement for Dr. Jeffrey B. Weinzimer includes potential performance-based bonuses in addition to his base salary.
What is the company's principal executive office address?
The principal executive offices are located at 950 N. Glebe Rd., Suite 700, Arlington, Virginia 22203.
Filing Stats: 469 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2024-07-03 09:00:11
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share PRVA The Nasdaq Glo
Filing Documents
- prva-20240701.htm (8-K) — 23KB
- 0001759655-24-000110.txt ( ) — 146KB
- prva-20240701.xsd (EX-101.SCH) — 2KB
- prva-20240701_lab.xml (EX-101.LAB) — 22KB
- prva-20240701_pre.xml (EX-101.PRE) — 13KB
- prva-20240701_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PRIVIA HEALTH GROUP, INC. Date: July 3, 2024 By: /s/ Parth Mehrotra Name: Parth Mehrotra Title: Chief Executive Officer